Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1887-01-09
DNlY pOg1nTELlIeHCR



On ano4hsr pass viii be found .
nnmbsx Of inseEyisws with ths @osa
promanens real estate dsaisss Of ssassis.
They e0ntain several auegsstisns when
ahoala no4 30 nnheedsd, - wsh - .
arsat desl ct he nes@sasy bss sot ssss
plsnsffui article known ~ eonnon
eeasa.
Tksrs b ons aseat nistAks inta
whish ownara Of rsal estate IN hoertsn-
ina towns vita hTiahs prospects Almoss
tnyasiably fall Elstsd b Ms sppaEsni
rsss In ne yaIns Of shslr pEepsFty, thsy
insrsass ths pstss whiah shes aak foF I
day By day unssl they have anticipated
IL inersass IN valas for score Of yeaxa
This Is 81 sxosscingiy eomnsou mistake,
and Il d g. disastrous as u is comm0a.
Nothing ID mere certain 70 drive taritai
and population iron town OF % pre-
vent the eosd fortune which hiss becn %
eaesriy anticipated.
Ossy psoperty Bay b ssid 10 hass 500
vaiasa, ga actual and q speenlativs
valna. TIA aosnal valae. Of course. h
baasS upom ths Income whieh mag Fea-
senabay be sxpestsd from ths property.
and IL 10 represented b. the amoant Of
ncasy upoa which the rentals acerutnR
from shs property woald BE- regarded -
q fair lnaesess. The speculative valns
q not 20 easily arrived ct. II depands
snslraly apan the iadgmsat Of thosa
who ell o. hny u ~ 70 the ameuns Of
money on whieh IA may reasonably be en-
pssssd 10 pay interest - sone fuiuEs
tims. In town sues Is Seattle, Cor
inssanss, 81 ths real estate may be
divided int two CLASSES that Of which
the vnlae u bosh actual and speculative
and that Of which the value 10 sinspay
spssulatiss. Into ell sf IL The slsnens
Of speculaaion enters mere or Issas end
concerning al 81 u people mas aesoEd-
insly maks . Rrisveus mistake OF jadg-
nent.
Les us anpposs that the owneg Of
plsos Of psopasty whose vaius Is pafsly
spssnlsslve dnsfdes thai in ten years Il
may Reasonably be expected TO BE- waEsh
Zen thousand dollaEa When be Il 10
ques.sd 10 nanns q priee for shs pFoperty
By : asFanQss anxisua for . profitable
investment, he TOO often names me tall
amount which he believes the property
will b worth he . decade. The stranger
may b pardonsd II be declines 70 par
shass. however glowing zay Be she
prospects Of The city In which ths prop
eFty is located. Ne Is probably unable
10 aes why tha seller should be entitled
10 reap al shs bsBeai Of the increase IN
the vaias Of she property fer zen ysars,
Wills bic na0ney b layested for that
period without Any tstaFn.
OF course. . Spectator, whose inten-
tion 10 merely 70 make . quick turn In
The pFepaFty, mag purchase II ~ what
will probably be ice value ten years
hence. His hops Ia doing 90. however,
is that be may soon find another pnE-
ehassF whom be will be ahle 70 convince
thaa IN eleven yeaEs the property will
Be weEth eleven thousand dollars. The
property may in this manner change
hands many times a. prices which ap
pear peFfeesly axoFbisant. Bai suoh sx
changes DO not deteFmine she value Of
she property. Il 10 bought ia every case
By thoss whose object IL 10 sell II again.
u IL not bouRht by meu who expect TO
hold it--by the men Who invest money.
street. buildings add Enake cities. There
is no incentive for such . man 10 pGr.
ahass when oil that be could possibly
expect 70 make from the investment
has already been made by some one else.
The tendency 10 raise the price of
zeal estate In response 10 every develop
meni favorable 10 the prospects Of city
has more than once been exsmpliaed in |
Seattle. Within the past few weeks, for |
Instance. The upward tendency Of the
real estate market has been very
married. The bright outlook for ths |
city aud the revival In buaiaess partially |
justify this increase. Seattle real estate |
may now, generally speaking. be said to |
be held at about the AkaEs which the |
pFoareess and reasonable expectations |
Of the city Justify.
Les na suppose, however, thai every |
new DEVELOPMENT favorable 10 Seattle
will be Responded 10 a. thosa Of The pas. |
few weeks have been. The result viii |
BE- that before The year has passed sAs |
vaiue Of real estate vii Be 90 greatly |
evsFessimssed thai investors viii safn
awaY m dAsRuat. The Inevitable result |
viii Be crash, and ths real estate viii
be left 70 The owners who value 10 %
hiehly. Tie saEsss way-in fact. the
only way-ef preventing the future
RFe&tnuza % our city is 10 place q rsiisa-
lons generalization upOn iha rial estate
wishln lea hosasra.
This is net "a Imaginary danger. Il
is suFs way 10 suEn forsnns from our
desfn. end ths danger is ell shs greater
because u aEfsss fFsm ourselves. TIE
owner 81 property % always liAbIs 10
valae % soo highly. To sell 81 prices
nov rule. 10 fair 10 both seller and rax.
ehases. The dagger lies IN ths preb-
ability thai The pFstshslOna Of property
holders viii ziss fEem veek 10 week
until nothing b lefa for the purchaser.
And. ~ The puFahassg "a tbs indspsnd
ent PARTY 10 The Transaction, property
siil nos b sold. The exsrsiss Of o.
little sommoa soass joss nov yin b
1oSsh everything 10 eur ciay Ia Abe
futaFs.